MUMBAI: It’s curtains for Punit Garg at Reliance Communications. The seasoned executive has officially stepped down from the board of the beleaguered telecom firm, marking yet another departure from the company’s vanishing leadership deck. The resignation, effective 1 April 2025, was submitted in a formal letter dated the same day, with Garg citing, “in line with his resignation from all the board positions in all the companies.”

While the exit lacked fireworks or drama, it signals a final unplugging from a company that once aimed to be the crown jewel of Indian telecom but is now knee-deep in insolvency proceedings.

Reliance Communications, under the corporate insolvency resolution process since June 2019, confirmed the development in a filing with the BSE and NSE. Company secretary Rakesh Gupta signed off on the disclosure, attaching Garg’s resignation letter and noting compliance under Regulation 30 of SEBI’s listing obligations.

Garg’s exit adds to the list of top-level resignations over the years as RCom continues its struggle to stay afloat under the oversight of resolution professional Anish Niranjan Nanavaty, appointed by the NCLT Mumbai Bench.

The resignation itself doesn’t raise eyebrows, but in an industry known for boardroom battles and opaque exits, a clean-cut ‘no other reason’ departure is almost... refreshing.

Garg, who has held prominent roles across the Reliance Group over the years, exits at a time when Reliance Communications is more of a cautionary tale than a market mover. The company has not been in active telecom operations since it shut down its wireless business in 2017 and has been tangled in debt and legal knots since.

With his board seat now vacated and no lingering drama in sight, this might just be one of the quieter exits in India Inc. But in the telecom saga that is RCom, even silence speaks volumes.